Motorists may face another wave of fuel price increases next week, with estimates suggesting a rise in diesel prices.
Jetti Petroleum predicts diesel prices could increase by P0.30 to P0.50 per liter, while gasoline might see a slight increase of P0.10 or a slight decrease.
The Department of Energy (DOE) also projects an increase of approximately P0.20 to P0.50 per liter for gasoline and diesel, respectively.
Kerosene prices are expected to remain unchanged.
These potential hikes would mark the fifth consecutive weekly increase for gasoline and the fourth for diesel.
Both Jetti Petroleum and the DOE attribute the projected price adjustments to ongoing geopolitical tensions impacting global fuel markets.
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